Sumec (SHSE:600710) Days Payable : 51.59 (As of Sep. 2024)

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What is Sumec Days Payable?

Sumec's average Accounts Payable for the three months ended in Sep. 2024 was ¥16,352 Mil. Sumec's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥28,925 Mil. Hence, Sumec's Days Payable for the three months ended in Sep. 2024 was 51.59.

The historical rank and industry rank for Sumec's Days Payable or its related term are showing as below:

SHSE:600710' s Days Payable Range Over the Past 10 Years
Min: 28.7 Med: 41.35 Max: 154.9
Current: 49.92

During the past 13 years, Sumec's highest Days Payable was 154.90. The lowest was 28.70. And the median was 41.35.

SHSE:600710's Days Payable is ranked worse than
73.56% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 74.425 vs SHSE:600710: 49.92

Sumec's Days Payable increased from Sep. 2023 (47.55) to Sep. 2024 (51.59). It may suggest that Sumec delayed paying its suppliers.

Sumec Days Payable Historical Data

The historical data trend for Sumec's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sumec Days Payable Chart

Sumec Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.46

38.91

28.70

38.91

42.24

Sumec Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															47.55	50.62	51.12	43.74	51.59

Competitive Comparison of Sumec's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Sumec's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sumec's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sumec's Days Payable distribution charts can be found below:

* The bar in red indicates where Sumec's Days Payable falls into.

Sumec Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Sumec's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (14143.329	+	12703.632)	/	2 )	/	115984.155	*	365
=	13423.4805					/	115984.155	*	365
=	42.24

Sumec's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (16488.98	+	16214.7)	/	2 )	/	28924.813	*	365 / 4
=	16351.84					/	28924.813	*	365 / 4
=	51.59

Sumec Days Payable Related Terms

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Sumec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sumec Corp Ltd (SHSE:600710) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Changjiang Road, SUMEC Building, No. 198, Xuanwu District, Nanjing, CHN, 210018

Website

http://www.sumec.com

Sumec Corp Ltd is engaged in trade and service, engineering contracting, and investment and development. The trade and service cover import and export of the bulk commodities including gardening instruments, electric tools, high-pressure washer, power generation equipment, garment, household textiles, automobile parts, medical devices, and others. Engineering contracting includes environmental engineering, energy engineering, and marine engineering; investment development includes strategic investment, industrial investment, project investment and financial investment.

Executives

Zhao Jian Guo	senior management
Cai Ji Bo	Director
Yang Guo Feng	Supervisors
Peng Yuan Pu	senior management
Jin Yong Chuan	senior management
Yang Yong Qing	Director
Gu Jian Su	senior management
Chen Wei	senior management
Wu Jian Ping	Supervisors
Wang Wei Yan	Director
Zou Jian Mao	senior management
Jin Rong Hua	Supervisors

Sumec Headlines

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